A little bit difference HSBC don't accept RC Master Policy.They need the fire insurance cover explosion earthquake... that our Master didn't have. BUT too many people complained that other Bank like DBS can accept it why they don't. Moreover they didn't tell us before we applied the mortgage. As the result they still have no conclusion that we need to buy an extra fire insurance or not? That is the summary.
Why ??? You buy double touch wood if there is ..... you won't want have double compensation. :
HSBC had a chance to accept our Master Policy. If you've bought HSBC didn't need it then you cannot get the money back. From the time being HSBC doesn't need us to buy a higher standard policy and guranteed that not to deduct the money from our account.
Just wait for their further notice ! I've strong feeling that they will accept our Master.